Ethiopia loosens throttle on many key sectors, but privatisation still far offCompanies have been waiting in the wings for Ethiopia to open its state monopolies and Tuesday’s news was welcomed. Companies have been waiting in the wings for Ethiopia to open its state monopolies and Tuesday’s news was welcomed. The economic reforms come two months after Abiy took power promising political changes to address roiling anger among young people over ethnic marginalisation and unemployment. Calling state-owned corporations a “huge source of wealth”, Shide said allowing private investors to buy shares “will enable us to generate even more wealth through them”. “Foreign investors will still have to contend with these challenges.”

Source: Ethiopian News June 06, 2018 17:59 UTC